Life Insurance For Seniors Over 80 [No Exam, Instant Approval]

Are you looking for life insurance for seniors over 80? If so, you are in the right place.

Here we have mentioned all the insurance policies that older adults can purchase to live a stress-free life.

We have also mentioned the insurance providers that aim to make your life easier and happier.

These insurance companies offer you the most important life insurance policies that you need to opt for.

Along with this information, you will also know which coverage plan can work best for you and which insurance provider you need to choose.

So, if you are confused and haven’t purchased insurance until now, you need to read this article further.

Just Give a Minute, Compares FREE Quotes & Save up to 70%!

Is Life Insurance for Seniors Over 80 Available?

Purchasing a life insurance policy at age 80 can be a challenging task.

This is because most insurance firms offer life insurance for people below the age of 80. Moreover, plans like term life insurance have a maximum age limit of 80.

This doesn’t mean that you can’t find life insurance for parents over 80. It’s just that you will have limited choices of insurance companies and insurance plans.

For this reason, the insurance providers and agents recommend adults over 80 purchase whole life insurance or final expense insurance.

This is because it offers you incredible benefits at a much more affordable cost and is easily available for older adults.

In addition to that, you can find some companies that also offer the best term life insurance, universal life insurance, and others to people over 80.

But of course, again, some of these plans require the applicant to have an excellent health condition.

When choosing the plan, make sure to consider your financial condition, as you have to pay premiums.

Also, since, at this age, you want a policy that gives you peace of mind, look for the possible risks and drawbacks before purchasing insurance.

Quick Overview of Available Senior Life Insurance Options

Final Expense Life Insurance for Seniors Over 80

burial insurance is available for elderly over 80

Final expense insurance is a whole life insurance policy, which is also known as burial insurance, funeral insurance as well as cremation insurance.

It aims to provide enough death benefits so that you can pay your end-of-life expenses. This insurance helps the policyholder to protect their loved ones even after their death by leaving a lump sum for medical bills, debt, and funeral costs.

The average funeral expense is around $7,000 to $10,000. This cost includes the burial in a cemetery, services at the funeral home, and the installation of a headstone.

Most importantly, funeral or burial insurance is popular among seniors, as it doesn’t require complex and extensive medical exams to qualify for the insurance.

The life insurance company provides you coverage based on the answers you have given in the health questions.

In addition to it, its rates are more affordable compared to other types of insurance. This is also because it offers you a small amount of death benefit than term life insurance and others.

However, there is no risk, and generally, this policy gives you lifetime coverage.

You can definitely buy this policy. But, you have more options available. We recommend this to seniors over 90 years as they don’t have any other options left.

Whole Life Insurance Over 80

whole life insurance never ends

You might have heard it as a permanent life insurance policy. This is another best life insurance for people over 80.

The whole life insurance for seniors offers coverage regardless of when the insurer dies until the policy is active.

Typically, the whole life policy remains in place for the life of the policyholder.

At the same time, some build cash value that offers you cash payouts in the form of a loan.

But it is important to note that you need to pay these loans in your life. If not, the life insurance company will deduct this money from your benefit when you pass away.

In all the traditional whole life (Modified whole life insurance has changeable premium rates. However, that’s not suitable for you. So, let’s stick to the traditional one.), the premiums and death benefits stay the same throughout the policy.

The best part is that you get coverage of around $25,000 regardless of when you die. In other words, if you die within three years or less, your beneficiaries still get this amount.

Another thing you may want to know is that you get the lump sum within 24 hours of your claim.

The primary reason why older elders over 80 purchase this policy is that they can easily qualify for it. This is because of its limited requirements, the simple application process, and excellent and promising results.

Term Life Insurance

term life insurance over 80

Term life insurance is also a pretty common insurance option for elders.

This insurance pays you death benefit only if you die within the term of the policy. Besides that, the term can vary from 1 year to 30 years or more.

A significant number of companies offer three types of term insurance: 10 years, 20 years, and 30 years term.

But, the truth is you can only get a 10 years term plan at 80 years. And, you can’t renew it when it expires. It is more suitable for seniors over 70.

Most term life insurance policies don’t provide you additional benefits and are quite expensive at this age.

Term insurance plans have two types: decreasing term, where benefits reduce over the life of the insurance, and level-term, where benefits don’t fluctuate through the length of the insurance.

Universal Life Insurance

take decision

As the whole life policy, universal life insurance is permanent life insurance that offers you coverage that builds cash value and lasts a lifetime.

This way, the insurer can invest their cash value in an account, which accumulates the funds gained through the changes in the stock market.

This insurance policy offers you the flexibility to lower or raise your monthly premiums within specified limits. Depending on the premium you choose, it can cost you a significantly lower amount than the whole life plan.

However, as it allows you to change the minimum payments, it also changes the death benefit based on your premiums and builds up interest on it.

Lastly, it requires a medical exam and you must be physically fit to be eligible for it. Most of the seniors over 80 can’t qualify for it.

However, guaranteed universal life insurance doesn’t require any exam but costs more.

Which Type of Life Insurance Is Best For You?

which one is the best for you

It is tricky to recommend a particular policy for an individual, as the options predominately depend on your age, requirements, health issues, and financial conditions.

Whole life insurance and funeral expense insurance work best for individuals over 80.

It has minimal to no risk and provides you with a significant benefit to pay for end-of-life expenses. Your beneficiary can even use this money for their other needs or debts.

Lastly, universal life insurance is best if you only aim to save your money and want to double it without taking the risk.

Furthermore, you must have other resources to manage your medical and accelerating end-of-life costs.

As it doesn’t guarantee you a steady death benefit, there are chances that your beneficiaries might not get enough money to pay for expenses.

How to Get No Exam & Waiting Period Senior Life Insurance Policy?

guaranteed policy is always approved

In this case, guaranteed issue whole life insurance is the best option for you. It doesn’t have any waiting period, which means you get full or a great percentage of benefit after making the first payment.

Since this policy provides you exceptional features, it has lower coverage amounts and higher premiums.

Plus, it is challenging to find a good insurer who offers this, as only a few of them provide you with guaranteed acceptance insurance.

However, the best part is that you don’t need a medical exam. Depending on the insurer, it may or may not ask the health questions.

Even if they ask, they are willing to provide policy to patients with severe health conditions, such as cancer, heart disease, and diabetic patient.

Besides the no exam and waiting period, it also helps individuals who are not eligible for other types of life insurances. These policies also provide you benefit, even if you die from accidental injury.

Because of the higher risk, this life insurance offers you different features like:

  • Eligible applicants: age 40 to 89
  • Face value from $2,000 to $25000
  • Offer you coverage for your entire life
  • Premiums and death benefit remains fixed and steady
  • The policy can earn the cash value

10 Best Life Insurance Companies for Seniors Over 80

When it comes to the best senior life insurance over 80, it is important to remember that not every insurance provider facilitates older policyholders.

You need to find the one that qualifies you for insurance, as well as offers you the best insurance options for seniors.

For this reason, here we have mentioned some of the best companies that you can choose according to your requirements.

Let’s take a look.

#1. Mutual of Omaha

Our top pick is Mutual of Omaha which works best for applicants of all ages, especially seniors over 80.

They offer you whole, term, universal and final expense life insurance with flexible policy provisions.

In fact, their term life insurance policy can be issued for individuals up to 80 years of age, with coverage starting at $100,000. At the same time, individuals aged over 80 can also opt for whole life policies.

Apart from this, you don’t even need to go through the extensive and tiring procedure of medical verification for their funeral expense plan.

They don’t ask complex health questions or any health-related information for the coverage.

Depending on the policy you are choosing, Mutual of Omaha provides you with affordable premiums. You might also want to know that they have incredible customer service, and their customer care agents help you find the best option based on your requirements.

Their easy-to-understand website allows you to choose a plan and get a quote before purchasing life insurance.

This way, you can easily plan for your future by weighing your options.

Highlighted Features:

  • Age Limitation: 45-85
  • Face Amount: $2,000-$40,000
  • Medical Exam: No
  • Waiting Period: No
  • AM Best Rating: A++

#2. AARP

AARP or the American Association of Retired Persons is another perfect option for policyholders. They offer you whole life coverage and level benefit term life insurance.

AARP is the best option for older applicants aged 80 and for those who want to skip the medical exam. Depending on the policy you choose, you will get maximum coverage of $50,000.

Seniors only need to answer a few health-related questions to qualify for both whole or term life coverage.

As already discussed, finding term insurance for people above 80 is quite difficult. AARP helps you live a peaceful life by offering you great benefits.

But here is the catch; only the members of this organization can apply for the insurance. And yes, coverage is also available for the member’s spouses.

Highlighted Features:

  • Age Limitation: 50-89
  • Face Amount: $2,000-$50,000
  • Medical Exam: No
  • Waiting Period: No
  • AM Best Rating: A++

#3. Aetna

Aetna offers different coverage policies that include a variety of features and excellent riders to maximize protection.

In fact, they offer life insurance to seniors over 85. The best part is that they even offer $25,000 coverage to people as old as 89.

To qualify for the policy, they may ask a few health-related questions and your medical history. This helps them to determine your health status and the right coverage based on it.

The drawback of dealing with this provider is that if you are a patient with severe health issues, there are fewer chances of your application getting approved.

Highlighted Features:

  • Age Limitation: 40-89
  • Face Amount: $2,000-$25,000
  • Medical Exam: No
  • Waiting Period: No
  • AM Best Rating: A

#4. Transamerica

Transamerica is among the best life insurance providers for seniors over 80. This is because it allows individuals up to age 85 to sign up for the final expenses policy.

The best part is that they offer high death benefits compared to other companies. Based on your chosen policy, you can apply for the maximum benefit of $40,000.

The majority of Transamerica insurance plans facilitate you with coverage from day one, while others have a waiting period of two years.

It is also important to note that Transamerica doesn’t offer term life insurance to seniors above 80, as it has a maximum age limit of 85.

Plus, if you are a more tech-savvy person and want to decide on insurance through a website, Transamerica may not be ideal for you.

The website is not as functional as it should be, and you need to contact us to get a quote and take details.

Highlighted Features:

  • Age Limitation: 40-85
  • Face Amount: $2,000-$40,000
  • Medical Exam: No
  • Waiting Period: No
  • AM Best Rating: A

#5. AIG

AIG offers all three main types of life insurance: universal life insurance, term life insurance, and whole life insurance.

However, seniors aged over 50 can’t apply for term life insurance. Besides that, the maximum age limit for purchasing universal life insurance is 80.

If you are above 80, you can only opt for their whole life insurance, which has a maximum age limit of 85.

Moreover, you can get coverage from $5,000 to $25,000. They also guarantee acceptance of the application of seniors above 80 without any medical exam.

You can also access the policy benefits and take out a specific cash value in case of terminal or chronic illness.

Although many companies charge money for these additional benefits, AIG doesn’t ask for fees for this living benefit.

The only drawback of working with AIG is that you might feel irritated while dealing with them. This is because of their poor customer service and ratings.

Highlighted Features:

  • Age Limitation: 50-85
  • Face Amount: $2,000-$25,000
  • Medical Exam: No
  • Waiting Period: No
  • AM Best Rating: A+

#6. Americo

Americo offers you universal, and whole life insurance so that your loved ones can pay mortgage payments, cover funeral costs, medical expenses, and others.

You don’t need to worry about the end of the coverage, as they can extend your plan without increasing the monthly rate.

Universal and whole life insurance are permanent policies that give your coverage until you pay for the policy.

Americo insurance policies also protect you against financial problems that occur due to chronic or terminal illness.

Highlighted Features:

  • Age Limitation: 50-85
  • Face Amount: $5,000-$30,000
  • Medical Exam: No
  • Waiting Period: No
  • AM Best Rating: A

#7. American Amicable

American Amicable gives you a chance to purchase the best insurance policies in the United States.

They have all the major plans like term, universal, and whole life insurance.

However, seniors over 80 can only purchase whole life insurance. In the whole life insurance, the cash value is accessible in case of emergencies.

And, if you pass away, your beneficiaries will get a great amount of benefit.

Highlighted Features:

  • Age Limitation: 50-85
  • Face Amount: $2,500-$25,000
  • Medical Exam: No
  • Waiting Period: No
  • AM Best Rating: A-

#8. Security National Life

Security National Life provides final expense insurance to the individuals. This policy has affordable monthly premiums and excellent coverage.

The best part is that the coverage is enough to pay for memorial and funeral services that organize extravagant ceremonies.

Not to mention, they also give you prepaid life insurance and driver’s insurance options.

No matter what insurance you choose, you can easily get a quote from us to determine monthly premiums and coverage on it.

Highlighted Features:

  • Age Limitation: 40-85
  • Face Amount: $2,000-$10,000
  • Medical Exam: No
  • Waiting Period: No
  • AM Best Rating: A-

#9. MetLife

When it comes to insurance providers, MetLife is one of the best. They offer you universal life, term, and whole life insurance policies.

However, you can’t qualify for their term life insurance. The whole life is only available for people aged 80.

Highlighted Features:

  • Age Limitation: 18-80
  • Face Amount: $2,000-$25,000
  • Medical Exam: No
  • Waiting Period: No
  • AM Best Rating: A+

#10. Guarantee Trust Life

This is the last insurance provider on our list that provides you many policies for families, individuals, and companies.

In addition to the traditional insurance plans, you can also opt for the short-term home health care policy, short-term care plan, precision care cancer insurance, and medicare supplement policy.

The aim of Guarantee Trust Life is to make insurance accessible to everyone so that no one has to suffer.

Even if you die, your loved ones can live a happy and peaceful life without worrying about your funeral and medical cost.

Highlighted Features:

  • Age Limitation: 50-90
  • Face Amount: $2,500-$25,000
  • Medical Exam: No
  • Waiting Period: No
  • AM Best Rating: A-

Life Insurance Quotes For Seniors Over 80

Seniors are always eager to know the exact cost they are going to pay after purchasing a policy.

However, it is not possible to give an exact price without gathering more information about the person.

Hence, we are giving an approximate premium that seniors over 80 generally pay for whole life insurance for seniors.

Note that the rates below don’t reflect any person or insurer. It may change anytime depending on your health, state, age, gender, tobacco intake.


How to Find the Best Burial &  Life Insurance Over 80?

how to find the best policy over 80

Every person has different needs and has their situation.

So, when it comes to finding the best life insurance plan, it is always best to take the time to compare the different choices.

However, finding the right insurance policy and insurer based on specific requirements and needs is quite challenging for you.

This is when you need professional help to purchase a policy that helps you live a peaceful and satisfying life. For this, you can count on us.

Our team will provide you with quotes for different insurance plans, help you pick the right one, and guide you throughout the insurance application and qualification process.

To start off, we have the most advanced policy comparison tool that you can use.

Choose your state from the box below and compare the rates by getting quotes.

Frequently Asked Questions

frequently asked questions

Life insurance is becoming popular, and so people are thirsty to know more about it. They look for information that can help them understand the best options available.

They are aware that the best options depend on the circumstances they are in.

Here are commonly asked questions to help you understand life insurance.

My Mom Is 80 Years Old; Which Plan Is Suitable For Her?

Because of her advanced age, the ideal plan for her is whole life insurance.

Can I Buy Life Insurance For My Parents Without Their Consent?

It may not be possible for one to buy a life insurance cover for anyone without their consent.

In most cases, it requires a medical exam. There is no way you can obtain the exam from a person without their permission.

Also, in some cases,  the insured must sign the contract before it becomes effective.

However, parents can buy life insurance for minors without their consent.

Does Smoking Affect Life Insurance Rates?

If you smoke, you can get the rates applied to smokers. Most of insurers ask for nicotine or a complete blood test before approving an application.

Can You Get Life Insurance At Age 80?

Yes, there are options at age 80. But, the cost becomes two to three than life insurance over 75. The plans are to help to reduce the financial burden they leave behind when they die.

Burial insurance is one of the covers the seniors can opt for. We have already discussed this in detail within this article.

Is Term Or Whole Life Insurance Better for Seniors?

Whole life insurance is ideal for seniors with good health and looking for an affordable policy. The premiums don’t change during the policy’s term.

If the senior dies, the beneficiaries receive accelerated death benefits. Some companies give the option of converting the term life insurance to a whole life when the term comes to an end.

What Is The Maximum Age Of Term Life Insurance?

The maximum age is dependent on the individual carrier. Some have set a maximum at 7,5 while others have put it at 85 or 99. It is the maximum age the insurer will provide the coverage.

So, one may choose a term ranging from 5 to 40 years. It is all depended on the current age of the candidate.

Who Can Be The Beneficiary Of My Plan?

The persons named in the policy can be the beneficiaries of the plan. Your spouse or children are the best persons to choose from.


In a nutshell, you have multiple options when you are searching for life insurance for seniors over 80.

It’s true that the number of policies for seniors is few compared to insurance coverage for people between 30 and 60.

But still, you can protect your family and live a relaxed and tension-free life by purchasing any of the best insurance plans. It includes term, universal, whole life, and funeral expenses life insurance.

So, if you are worried about what will happen to your family when you pass away, then you need to get excellent insurance coverage.

Linda Chavez

I'm a burial & senior life insurance expert, independent agent, Founder & CEO of Seniors Life Insurance Finder. I have been working in this sector since 2004 and established my own company in 2014. I have a team of seven members, and we are trying hard to share the knowledge we've gathered. We know how difficult often it is to find an affordable policy. Hence, we are doing our best to help you.